By

Kami Minor
What You Need to Know  Entities registered in Alabama must be aware of recent changes to the annual report filing process. This article provides a concise overview of the previous requirements, details the amendments made, explains the updated filing process, and offers tips for a successful submission. Previous Annual Report Requirements  Previously, all entity types...
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The Corporate Transparency Act (CTA) was enacted on January 1, 2021, and is under the administration of the Financial Crimes Enforcement Network (FinCEN) within the U.S. Department of the Treasury. The CTA is intended to assist FinCEN with rooting out bad actors in businesses that engage in criminal activity such as drug trafficking, money laundering...
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January 2024— Anglin Reichmann Armstrong, P.C. is pleased to announce several employee promotions. Jesse Beck, CPA – Supervisor, Solutions Advisory Services Joshua Guillemette – Senior Accountant, Solutions Advisory Services Lauren Sanders, CPA, CFE, MAcc – Senior Accountant, Audit & Assurance Services Natalie Shannon, MAcc – Senior Accountant, Audit & Assurance Services Jordan Terry, MAcc –...
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This has been a banner year at Anglin Reichmann Armstrong for business and teamwork. We are thrilled to have won several prestigious recognitions at the local level, statewide and nationally by the accounting industry and business community. This recognition reflects the strength of our culture and client service, key factors that also contribute to our...
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The end of the year is often an optimal time for tax planning, but you must be careful to avoid potential pitfalls along the way. Notably, any year-end tax strategies you implement should take all the latest tax developments into account. In particular, Congress has enacted significant tax legislation in recent years, beginning with the...
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Anglin Reichmann Armstrong, P.C. was recently named one of the Best Companies to Work for in Alabama. This annual program is in its fourteenth year and was created by Business Alabama magazine and Best Companies Group. This survey and awards program was designed to identify, recognize, and honor the best employers in Alabama, benefiting the...
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Effective  January 1, 2024, the overtime pay exemption applies to various categories of employees, encompassing full-time hourly workers, both residents and non-residents and part-time or seasonal employees, even if their overtime pay is sporadic. The exemption is contingent on a standard 40-hour work week, regardless of daily working hours. Employers subject to Alabama tax withholding...
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December 2023 — Anglin Reichmann Armstrong, P.C. announces the promotions of LeAnne Goode, Meg Hampton, Kavitha Hichkad and Andrew Labosier from Manager to Partner, joining the executive team effective January 1, 2024. LeAnne Goode, CPA, MBA serves in Anglin’s Audit and Assurance Department and focuses on reviews and audits of financial statements as well as...
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Kathy Davis, manager in the Tax Advisory Services Department, in front of Anglin office.
By: Kathy Davis, CPA, Tax Advisory Services Manager, Anglin Reichmann Armstrong, P.C. Kathy Davis, CPA, originally wrote this article as a Voices column for Financial Planning magazine in September 2023. The Spousal Lifetime Access Trust (SLAT) has been an estate planning tool for many years, but it has gained popularity due to the pending sunset...
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